Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: LindyBill	8/26/2006 4:07:06 PM
	of 793916

Bernanke on Globalization Greg Mankiw's blog In A Letter to Ben Bernanke (published in the May 2006 AER), I wrote: "You should be willing to explain the views of professional economists when there is a consensus. For example, like Greenspan, you should remind us about the benefits of free trade when the protectionists in Congress get restless—which they do often." Today, in a talk at Jackson Hole, Ben does just that. The talk gives a great historical overview of globalization and its critics. Ben quotes Martin Luther in 1524: "But foreign trade, which brings from Calcutta and India and such places wares like costly silks, articles of gold, and spices--which minister only to ostentation but serve no useful purpose, and which drain away the money of the land and people--would not be permitted if we had proper government and princes." I never knew Lou Dobbs was a Lutheran. gregmankiw.blogspot.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next